Why have you not made it as a trader yet?

[nooby_mcnoob]

Don't worry about it. What you lose on every trade you make up in volume.

Haha, fortunately still positive avg/median pnl for now. Edit: for November. Real money ofc.

Edit: pay no attention to the 7 day losing trade, that one was flat, normally I only hold for 1/2 days max.

 

[ironchef]

Get a job and live like a pauper for a year or two. You'll have $300K in no time.

https://www.msn.com/en-us/money/per...fuses-to-spend-money-on/ar-BBXsMuv?li=BBnb7Kz

 

[ironchef]

Really? Saving $300k aint easy man. I'm not a quant lol

Again, read this:

https://www.msn.com/en-us/money/per...fuses-to-spend-money-on/ar-BBXsMuv?li=BBnb7Kz

 

[remogul92]

Theres no such thing as a 'real edge'...

Then whats a fake edge?

I consider a fake edge to be when a trader believes they have an edge but has only backtested their strategy under limited conditions (example having a strategy that they’ve only tested in bull market scenarios when you could almost throw a dart at a list of equities and pick a winner).

Its not really an edge at all.

 

[drcruz]

I consider a fake edge to be when a trader believes they have an edge but has only backtested their strategy under limited conditions (example having a strategy that they’ve only tested in bull market scenarios when you could almost throw a dart at a list of equities and pick a winner).

Its not really an edge at all.

It's like a surfer riding a wave. Does a surfer have edge or does he just enjoy the ride?

 

[SimpleMeLike]

(Counting my chickens here, but...) I'm hoping 2019 will be my first profitable year. How I got to this point was, 1) After blowing up 4 accounts over a few decades, I finally got the point that position size and risk management is the key to survival [that was in 2017]; 2) I found a style that I wanted to focus on learning that hopefully in the long run is sound; 3) I found a coach who's system that made sense to me (based on previous experience) and fit my personality; 4) I back tested, back tested, back tested (and I'm still back testing) the system before I went live in May of 2019. Knock on wood I may finally get my first profitable year.

Congrats to you drcruz and good work.

Would you say that finding a trading style that fits your personality and back testing to gain experience and confidence in how you trade was the ultimate turning point?

 

[drcruz]

Congrats to you drcruz and good work.

Would you say that finding a trading style that fits your personality and back testing to gain experience and confidence in how you trade was the ultimate turning point?

SML, YES. I actually stayed in 2011 over and over again, until I dialed in what I liked. Even then I hired the system developer as a coach for a little more pointers. Then when I went live in mid-2019 and got stopped out, I tweaked the system a little more (make less risky). It's an OTM BWB Options strategy from Trading Dominion. I made the trade too delta positive and therefore is WAY too sensitive to changes in Vega. I shifted it to be closer to delta neutral.

I'm still testing. I have to finish 2018, go through 2019 and 2008 and 2009

 

[toby400]

Why are you not consistently profitable trader, why are you not making the money and being able to live off trading?

What do you believe is your biggest weakness? What do you need to overcome to succeed? What are you missing/what are your most common mistakes?

In other words, describe why you've not yet made it as a trader.

What's missing?

I spend too much time on threads such !

 

[ShowMyTrading]

because I need capital to operate micro futures

I have my strategy developed, based on fractals, divergences and high volumes
with a profitable 40% - 50%

but here in Latin America it is very difficult to get dollars

 

[trader888i]

it because many traders see that they an make 10% in their trading account with one trade say $2000 profit in a day with $20,000 account they think they can make or double their money in 10 days, well due to the risk of high leverag to obtain $2000 from 20,000 account in one day you risking a lot for a very little. and then there are traders who want to double their account in three days. you know than it become las vegas poker table. not trading anymore.